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SOLD - Highly Profitable, longstanding apparel screen printing manufacturing business with a complete factory and a highly desirable, specialty customer base including many well-known hotels and resorts. This manufacturing business of silk-screening apparel has been in business for over 28 years. This company services long-term national customers primarily through outside third-party independent sales rep located throughout the US, Hawaii and the Caribbean. These sales reps service the majority of the customers and attend various industry trade shows throughout the US. The owner services a couple house accounts directly and have not attended many trade shows due to personal issues. All necessary FF&E including screen print machinery, commercial dryers, screens and frames and other workshop and office equipment are included in the price. The Inventory (“blank” shirts, raw fabric, Ink, etc.), which can range from approximately $200,000 - $250,000 +/- at cost will be verified prior to closing and added to the purchase based on its original cost. The asking price plus the final Inventory cost will equal the total purchase price.
The business currently operates out of a 7500sf+/- facility and is on a month to month lease at market rate. Landlord will cooperate with a buyer on a new long term lease or the business can be relocated. The business has strong systems and highly trained, experienced employees who have been with the company long-term and handle all office and production responsibilities. Employees are crossed trained and can handle multiple areas of operations. Employees included an office manager who works with all the sales reps and managers all orders, a production manager who manages all the production and several other production employees, all who have been with company long term (10 years +). Managers have keys to access and open the business on a daily basis. Due to the owner’s personal situation (a recent divorce and a serious health issues), they are not at the business on a daily basis. Most of the owner’s responsibilities are handled remotely and the owner goes in for a few hours a week. Due to the business’s structure and trustworthy long-term employees, the owner is able to manage the business remotely in conjunction with a few hours per week in the office.
As per sellers, this is a fairly straightforward business model to operate. Employees handle all operations and production. Sellers are able to travel and have visited many of their customers who are primarily located in well-known “sunny” resort areas around North America including the Caribbean, Bahama’s and Hawaii. The business can easily expand into other resort areas or territories and well as other types of appeal. The owners have chosen to keep the business at this level given their situation over the years. There are several growth opportunities that the seller will discuss once a confidentiality agreement is signed.
The company has excellent books and records. 2016 Year To Date gross revenue and cash flow is up significantly. Per the seller’s P&L for 2016 YTD Jan–Nov, gross revenue and cashflow has already exceeded 2015 full year results. Seller projects that full year 2016 results will exceed $1.4M+ compared to last year ($1.3M) and 2016 cash flow is projected to be north of $350,000.
This business has been pre-qualified for SBA finance subject to a buyer’s creditworthiness and background. Seller will also consider seller finance with a significant down payment for a qualified buyer.
Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or contact to receive a confidentiality agreement and learn more about this opportunity to purchase a Profitable Apparel Screen Printer Business.
+/- 7480 sq. ft.
$6064 total rent, month-to-month lease
Located in northern Los Angeles county in an industrial area with good freeway access.
Located in a facility with workshop, warehouse, and office areas.
There are numerous growth opportunities that the Seller will discuss.
Company operates in growing niche with many long-term customers who place consistent reorders for the products.
Seller will provide training at no cost to qualified buyer.
, Seller will consider seller finance for a qualified buyer with at least 50% down.
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